Matthews International Corporation · NASDAQ:MATW
Matthews International — Q1 2026 Earnings Presentation
17 slides from Matthews International's earnings presentation, Feb 4, 2026
Slide 1: First Quarter Fiscal 2026 Earnings Review
First Quarter Fiscal 2026 Earnings Review February 4, 2026 www.matw.com | Nasdaq: MATW Joseph C. Bartolacci President and Chief Executive Officer Daniel E. Stopar Chief Financial Officer and Treasurer
Slide 2: Disclaimer
DISCLAIMER Any forward-looking statements contained in this release are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs,
Slide 3: Business Overview
Matthews lanes OVERVIEW INTERNATIONAL
Slide 4: Business Update
BUSINESS UPDATE • Higher sales volumes for caskets and cemetery memorials MEMORIALIZATION • Benefits from acquisition of The Dodge Company • Benefits from ongoing productivity and cost reduction initiatives and inflationary price realization • Divestiture of Warehouse business on December 31, 2025 I
Slide 5: Outlook for Fiscal 2026
OUTLOOK FOR FISCAL 2026 Key Drivers • Maintaining adjusted EBITDA guidance of at least $180 million (including our estimated 40% share of Propelis and income from preferred equity investment in Propelis) • Solid performance expected for the Memorialization segment • Interest from customers in dry ba
Slide 6: Financial Overview
Matthews Gaul OVERVIEW INTERNATIONAL
Slide 7: Q1 2026 Summary
Q1 2026 SUMMARY ($ in millions except per-share amounts) Highlights Sales • Higher sales for Memorialization segment for the current quarter, primarily reflecting the recent acquisition of The Dodge Q1 Q1 2025 Q1 2026 Company Sales $ 401.8 $ 284.8 • Lower engineering sales • Divestiture of SGK Busin
Slide 8: Memorialization
MEMORIALIZATION ($ in millions) Q1 Sales Sales $204.2 • Benefits from acquisition of The Dodge $190.5 Company • Higher sales volumes for caskets and cemetery memorials • Improved price realization Adjusted EBITDA FY2025 FY2026 • Improved price realization and productivity and cost savings actions Q1
Slide 9: Industrial Technologies
INDUSTRIAL TECHNOLOGIES ($ in millions) Q1 Sales $80.5 Sales $69.0 • Energy storage sales impacted by customer delays • Divestiture of European Tooling business completed on December 1, 2025 Adjusted EBITDA Q1 FY2025 Q1 FY2026 • Impact of lower sales of engineered products Q1 Adjusted EBITDA & Margi
Slide 10: Brand Solutions
BRAND SOLUTIONS ($ in millions) Q1 Sales $130.8 Sales • Divestiture of SGK Business completed on May 1, 2025 • Divestiture of European Packaging business completed on December 1, 2025 • Segment prospectively consists entirely of $11.6 Propelis investment FY2025 FY2026 Adjusted EBITDA • Inclusion of
Slide 11: Capitalization and Cash Flows
CAPITALIZATION AND CASH FLOWS ($ in millions) Total Debt and Net Debt* Operating Cash Flow $710.8 $678.4 $537.0 $505.7 $(25.0) 09/30/25 12/31/25 $(52.0) Note: Dark gray shades on the left represent Total Debt. YTD FY2025 YTD FY2026 Cash $32.4 $31.4 • YTD cash flows reflected costs related to divesti
Slide 12: Supplemental Information
Matthews Bug INFORMATION INTERNATIONAL
Slide 13: Reconciliations of Non-GAAP Financial Measures
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES Included in this report are measures of financial performance that are not defined by GAAP, including, without limitation, adjusted EBITDA, adjusted net income and EPS, constant currency sales, and constant currency adjusted EBITDA, and net debt. The Co
Slide 14: Adjusted EBITDA
ADJUSTED EBITDA Three Months Ended December 31, NON-GAAP RECONCILIATION (Unaudited) (In thousands) 2025 2024 Net income (loss) $ 43,629 $ (3,472) Income tax provision (benefit) 40,789 (2,358) Income (loss) before income taxes $ 84,418 $ (5,830) Propelis depreciation, amortization, interest and other
Slide 15: Adjusted Net Income and Earnings Per Share
ADJUSTED NET INCOME AND EARNINGS PER SHARE NON-GAAP RECONCILIATION (Unaudited) (In thousands, except per share data) Three Months Ended December 31, 2025 2024 per share per share Net income (loss) attributable to Matthews $ 43,629 $ 1.39 $ (3,472) $ (0.11) Acquisition and divestiture costs (1) 777 0
Slide 16: Constant Currency Sales and Adjusted EBITDA
CONSTANT CURRENCY SALES AND ADJUSTED EBITDA NON-GAAP RECONCILIATION (Unaudited) (In thousands) Corporate and Non- Memorialization Industrial Technologies Brand Solutions Operating Consolidated Reported sales for the three months ended December 31, 2025 $ 204,175 $ 69,015 $ 11,573 $ — $ 284,763 Chang
Slide 17: Net Debt
NET DEBT NON-GAAP RECONCILIATION (Unaudited) (Dollars in thousands) December 31, 2025 September 30, 2025 Long-term debt, current maturities $ 7,271 $ 7,230 Long-term debt 529,756 703,602 Total debt 537,027 710,832 Less: Cash and cash equivalents (31,357) (32,433) Net Debt $ 505,670 $ 678,399 * See D
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